Compare Programs
A short look at who each program is for. Heidi can tell you which ones fit your file. Nothing here is a rate or an approval.
| Program | Group | Best For | Down Payment | Credit | Occupancy |
|---|---|---|---|---|---|
| Conventional | Buy | A purchase when you can document income and a down payment | Some money down | A credit history a lender can review | Often a home you will live in |
| FHA | Buy | Buyers who need a government-insured option | Often less cash than a conventional loan | A credit history a lender can review | A home you will live in |
| First-Time Buyers | Buy | People buying a home they will live in for the first time | Savings, and sometimes local help | A credit history a lender can review | A home you will live in |
| VA & Military | Buy | Eligible veterans, service members, and surviving spouses | Often little or none, when the benefit fits | A credit history a lender can review | A home you will live in |
| USDA & Rural | Buy | A primary home in an eligible rural area | Often little cash down, when the address fits | A credit history a lender can review | A home you will live in |
| Jumbo | Buy | A loan amount above the local conforming limit | A down payment, reviewed with the rest of the file | A credit history a lender can review | A home you will live in, or another use the program allows |
| Down Payment Assistance | Buy | Buyers who need help with cash to close | Your savings, plus local help when it fits | A credit history a lender can review | Usually a home you will live in |
| Refinancing | Refinance | Replacing a loan you already have | Equity in the home, not a new down payment | A credit history a lender can review | A home you own, often one you live in |
| Reverse Mortgage | Buy, Refinance | Older homeowners who want to stay and use equity, or buy a different home | Equity you already have, or a share of the price on a purchase | A history of keeping up the home's bills | A home you live in |
| Investment & Commercial | Specialty | Rentals, portfolios, and some business property | Often more cash than a primary home | A credit history a lender can review | A property you will not live in full time, or a business property |
| Specialty Programs | Specialty | Files that do not fit a standard paycheck loan | Often more cash than a standard purchase | A credit history a lender can review | Depends on the program |
| Doctor Loans | Specialty | Eligible medical professionals buying a home to live in | Often less cash, because the LTV can be high | A credit history a lender can review | A home you will live in |